Dylan Simon -- Colliers International
37.1K views | +32 today
Follow
 
Scooped by Dylan Simon
onto Dylan Simon -- Colliers International
Scoop.it!

Seattle Job Gains Hit Two-Decade High

Seattle Job Gains Hit Two-Decade High | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Seattle is experiencing its best annual job gains in two decades, as gains hit 67,000 jobs in August 2018.

more...
No comment yet.
Dylan Simon -- Colliers International
I specialize in the sale of apartment buildings in Seattle and the greater Puget Sound region. I focus on the sale of both apartment buildings and developable land ranging from $3M to $100M. I am passionate about real estate investment and development, economics, technology and urbanism. Through brokerage I assist apartment investors and developers in achieving the highest possible levels of return and build an advisory relationship that lasts ownership life-cycles instead of just a transaction.
Curated by Dylan Simon
Your new post is loading...
Your new post is loading...
Scooped by Dylan Simon
Scoop.it!

Blackstone Raises $20 Billion Real Estate Fund

Blackstone Raises $20 Billion Real Estate Fund | Dylan Simon -- Colliers International | Scoop.it
Blackstone’s real estate funds typically use $2 of debt for every dollar of equity. To illustrate the fund’s financial strength the WSJ noted that $60 billion exceeds the value of all commercial real estate purchased in New York, Chicago and San Francisco in the first 11 months of last year, according to Real Capital Analytics.
Dylan Simon's insight:

"Blackstone’s real estate funds typically use $2 of debt for every dollar of equity. To illustrate the fund’s financial strength the WSJ noted that $60 billion exceeds the value of all commercial real estate purchased in New York, Chicago and San Francisco in the first 11 months of last year, according to Real Capital Analytics."

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Seattle’s Life Sciences Market Exceeds Expectations in 2018

Seattle’s Life Sciences Market Exceeds Expectations in 2018 | Dylan Simon -- Colliers International | Scoop.it
Seattle has emerged as one of the nation’s top locations for life sciences employment, and NIH and venture capital funding have continued to attract and nurture new companies in the region.
Dylan Simon's insight:

"Seattle has emerged as one of the nation’s top locations for life sciences employment, and NIH and venture capital funding have continued to attract and nurture new companies in the region. "

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Another Pioneer Square Labs spinout: Remarkably targets commercial real estate with marketing tech 

Another Pioneer Square Labs spinout: Remarkably targets commercial real estate with marketing tech  | Dylan Simon -- Colliers International | Scoop.it
Remarkably analyzes data from internal and external sources to help their clients figure out where they should spend their marketing dollars and ultimately lease their buildings to capacity.
Dylan Simon's insight:

"Remarkably analyzes data from internal and external sources to help their clients figure out where they should spend their marketing dollars and ultimately lease their buildings to capacity."

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Apartment Rent Growth to Outpace Inflation in 2019

Apartment Rent Growth to Outpace Inflation in 2019 | Dylan Simon -- Colliers International | Scoop.it
Rents are likely to rise faster for older, class-B apartments in 2019 than for any other class of apartment property.
Dylan Simon's insight:

Rents are likely to rise faster for older, class-B apartments in 2019 than for any other class of apartment property.

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Yellen says 'very possible' the Fed has enacted its last rate hike

Yellen says 'very possible' the Fed has enacted its last rate hike | Dylan Simon -- Colliers International | Scoop.it
"If there is a downturn in the global economy and that spills into the U.S. ... It's very possible we may have seen the last interest rate hike of this cycle,"
Dylan Simon's insight:

"If there is a downturn in the global economy and that spills into the U.S. ... It's very possible we may have seen the last interest rate hike of this cycle,"

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Real estate funds have been a balm in a stinging market

Real estate funds have been a balm in a stinging market | Dylan Simon -- Colliers International | Scoop.it
Morningstar, the investment-analysis company, found that from 1972 through 2018, REITs provided a compound average annual return of 11.5 percent, compared to 10.2 percent for U.S. stocks.
Dylan Simon's insight:

"Morningstar, the investment-analysis company, found that from 1972 through 2018, REITs provided a compound average annual return of 11.5 percent, compared to 10.2 percent for U.S. stocks."

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Long-Term Trends Favor Increased Allocations to CRE

Long-Term Trends Favor Increased Allocations to CRE | Dylan Simon -- Colliers International | Scoop.it
Economic fundamentals are still relatively strong while supply and demand are in comparative balance across most property types and markets. This climate remains conducive to long-term value realization in property investments, especially if returns are enhanced by a modest price correction as expected.
Dylan Simon's insight:

"Economic fundamentals are still relatively strong while supply and demand are in comparative balance across most property types and markets. This climate remains conducive to long-term value realization in property investments, especially if returns are enhanced by a modest price correction as expected."

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

T-Mobile adds a record 2.4M subscribers in Q4, beats 2018 guidance with nearly 80M customers –

T-Mobile adds a record 2.4M subscribers in Q4, beats 2018 guidance with nearly 80M customers – | Dylan Simon -- Colliers International | Scoop.it
he growth comes as T-Mobile continues to work through its proposed merger with Sprint,
Dylan Simon's insight:

Bellevue based T-Mobile continues record growth as it continues to work through its proposed merger with Sprint.

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Puget Sound Office Market Growth Driven by Tech and Coworking Demand

Puget Sound Office Market Growth Driven by Tech and Coworking Demand | Dylan Simon -- Colliers International | Scoop.it
Vacancy in Seattle declined to 7 percent during the fourth quarter from 7.6 percent, while the City’s Central Business District’s vacancy rate declined to 9.2 percent, a significant decrease from the 13.6 percent vacancy rate the CBD posted at the end of 2017. Vacancy in the Eastside closed out even lower at 4.9 percent due to large scale move-ins.
Dylan Simon's insight:

Vacancy in Seattle declined to 7 percent during the fourth quarter from 7.6 percent, while vacancy in the Eastside closed out even lower at 4.9 percent due to large scale move-ins.

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Seattle Metro Report: December 2018

Seattle Metro Report: December 2018 | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Tacoma, WA had the largest monthly rental growth rate, up 5.2%. with Redmond, WA close behind at 5.1% last month, making it the second fastest growing.

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Workforce Housing Forecasted to Outperform Multifamily

Workforce Housing Forecasted to Outperform Multifamily | Dylan Simon -- Colliers International | Scoop.it
Workforce housing has consistently outperformed the multifamily market for the last four years with low vacancy rates and above-average rent growth
Dylan Simon's insight:

"Workforce housing has consistently outperformed the multifamily market for the last four years with low vacancy rates and above-average rent growth"

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Ex-Microsoft managers launch Opportunity Zone fund, courting tech investors for real estate projects in low-income neighborhoods 

Ex-Microsoft managers launch Opportunity Zone fund, courting tech investors for real estate projects in low-income neighborhoods  | Dylan Simon -- Colliers International | Scoop.it
Many Seattle tech workers are suddenly considering real estate investments, thanks to a new federal tax incentive. SmartCap Group says it’s ready with an opportunity for them.
Dylan Simon's insight:

Many Seattle tech workers are suddenly considering real estate investments, thanks to a new federal tax incentive. SmartCap Group says it’s ready with an opportunity for them.

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Sound West buys Uptown site for $5M; plans 69 ‘passive house' units

Rooftop solar, an airtight envelope and high-performance windows are expected to cut energy use as much as 80-90 percent.
Dylan Simon's insight:

Rooftop solar, an airtight envelope and high-performance windows are expected to cut energy use as much as 80-90 percent. 

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Multifamily Appears Most Popular For Opportunity Zone Investments

Multifamily Appears Most Popular For Opportunity Zone Investments | Dylan Simon -- Colliers International | Scoop.it
“The Opportunity Zone program appears to be attracting significant amounts of capital, and many investors we have spoken to have mentioned multifamily as perhaps the best property segment for investment under the program,”
Dylan Simon's insight:

“The Opportunity Zone program appears to be attracting significant amounts of capital, and many investors we have spoken to have mentioned multifamily as perhaps the best property segment for investment under the program,”

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Greystar Expands San Francisco & Seattle Portfolio with Six New Project

Greystar Expands San Francisco & Seattle Portfolio with Six New Project | Dylan Simon -- Colliers International | Scoop.it
Greystar, Seattle, Bay Area, Pacific NOrthwest, Mountain View, Redwood City, Northern California, Caltrain, South Lake Union, Amazon
Dylan Simon's insight:

Elan Uptown Flats, Ascent, and Marlowe among Greystar's newest additions to the Seattle Market.

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Microsoft will spend $500M to address affordable housing and homelessness in the Seattle region

Microsoft will spend $500M to address affordable housing and homelessness in the Seattle region | Dylan Simon -- Colliers International | Scoop.it
The Redmond, Wash.-based tech giant will commit $475 million for loans to affordable housing developers over three years and another $25 million to services for low-income and homeless residents. It’s the largest philanthropic pledge in Microsoft’s history.
Dylan Simon's insight:

"The Redmond, Wash.-based tech giant will commit $475 million for loans to affordable housing developers over three years and another $25 million to services for low-income and homeless residents. It’s the largest philanthropic pledge in Microsoft’s history."

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Seattle still tops Rider Levett Bucknall Crane Index

Seattle still tops Rider Levett Bucknall Crane Index | Dylan Simon -- Colliers International | Scoop.it
Of Seattle's 59 cranes, 25 were for mixed-use projects, while 15 were for residential, 10 for commercial developments and the rest divided among health care, hospitality and transportation jobs.
Dylan Simon's insight:

"Of Seattle's 59 cranes, 25 were for mixed-use projects, while 15 were for residential, 10 for commercial developments and the rest divided among health care, hospitality and transportation jobs."

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Rent vs. Buy 2019 

Rent vs. Buy 2019  | Dylan Simon -- Colliers International | Scoop.it
"With home price appreciation increasing annually at an average of 6.7% in those counties analyzed for this report and rental rates increasing an average of 3.5%, coupled with the fact that home prices are outpacing wages in 80% of the counties, renting a home is clearly becoming the more attractive option in this volatile housing market."
Dylan Simon's insight:

"With home price appreciation increasing annually at an average of 6.7% in those counties analyzed for this report and rental rates increasing an average of 3.5%, coupled with the fact that home prices are outpacing wages in 80% of the counties, renting a home is clearly becoming the more attractive option in this volatile housing market."

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Fed Ready to Pause on Interest Rate Increases 

Fed Ready to Pause on Interest Rate Increases  | Dylan Simon -- Colliers International | Scoop.it
the speeches and the meeting minutes signal that the Fed will not raise its benchmark interest rate at its January meeting and that it is unlikely to do so at the following meeting, in mid-March.
Dylan Simon's insight:

"The speeches and the meeting minutes signal that the Fed will not raise its benchmark interest rate at its January meeting and that it is unlikely to do so at the following meeting, in mid-March."

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

LMC Opens Fully Integrated Smart-Home Apartment Community in Seattle’s Interbay Neighborhood

LMC Opens Fully Integrated Smart-Home Apartment Community in Seattle’s Interbay Neighborhood | Dylan Simon -- Colliers International | Scoop.it
The Interbay neighborhood continues to emerge with all the hallmarks a great neighborhood, including access to transit, walkable retail and recreational amenities.
Dylan Simon's insight:

"The Interbay neighborhood continues to emerge with all the hallmarks a great neighborhood, including access to transit, walkable retail and recreational amenities."

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

 Utah Based Bridge Investment Group Snags Two More Apartments in Seattle for $144 Million

 Utah Based Bridge Investment Group Snags Two More Apartments in Seattle for $144 Million | Dylan Simon -- Colliers International | Scoop.it
Seattle’s strong and steady job growth –- fueled by the tech industry -- has kept demand for apartments high. Construction of new property sin the last few years has proliferated, and investors see big opportunities in upgrading older properties like Fairfield’s to compete with newer addresses while still offering lower rents.
Dylan Simon's insight:

Seattle’s strong and steady job growth –- fueled by the tech industry -- has kept demand for apartments high. Construction of new property in the last few years has proliferated, and investors see big opportunities in upgrading older properties like Fairfield’s to compete with newer addresses while still offering lower rents.

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Terrene Homes Looking to Build Rare 135-Unit Condominium Complex in Kirkland

Terrene Homes Looking to Build Rare 135-Unit Condominium Complex in Kirkland | Dylan Simon -- Colliers International | Scoop.it
Bellevue, Terrene Homes, Kirkland, Puget Sound, Realogics Sotheby’s International Realty, Jade Condominiums, Totem Lake, Evergreen Health Medical Center
Dylan Simon's insight:

Bellevue-based Terrene Homes is gearing up to break ground on its highly-anticipated 135-unit condominium project in Kirkland, this year, adding much needed for-purchase multifamily inventory to the Puget Sound real estate market.

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Tech Continues to Expand Outside of Seattle as Facebook Preps for New 678,000 SQFT Campus in Redmond

Tech Continues to Expand Outside of Seattle as Facebook Preps for New 678,000 SQFT Campus in Redmond | Dylan Simon -- Colliers International | Scoop.it
Vacancy in hotspots for tech, such as Bellevue, will remain low as companies such as Google, Amazon and Facebook continue to expand. Colliers estimates in the future that the three tech companies can bring close to 4,000 new jobs to the Eastside in the future.
Dylan Simon's insight:

 Vacancy in hotspots for tech, such as Bellevue, will remain low as companies such as Google, Amazon and Facebook continue to expand. Colliers estimates in the future that the three tech companies can bring close to 4,000 new jobs to the Eastside in the future.

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Amazon is taking 280,000 square feet in Bellevue's Summit III

Amazon is taking 280,000 square feet in Bellevue's Summit III | Dylan Simon -- Colliers International | Scoop.it
Dylan Simon's insight:

Amazon already has 2,000 employees in Bellevue and plans to add 2,500 additional employees by 2020.

more...
No comment yet.
Scooped by Dylan Simon
Scoop.it!

Clarion Partners buys WeWork-leased Seattle building near Amazon HQ

Clarion Partners buys WeWork-leased Seattle building near Amazon HQ | Dylan Simon -- Colliers International | Scoop.it

"The five-story building sold this week for $52.35 million. Institutional adviser Clarion Partners bought it from  Chile-base Stars Real Estate Investments and Seattle-based Urban Renaissance Group, which paid $36 million for the asset four years ago after WeWork had moved in."

Dylan Simon's insight:

"The five-story building sold this week for $52.35 million. Institutional adviser Clarion Partners bought it from  Chile-base Stars Real Estate Investments and Seattle-based Urban Renaissance Group, which paid $36 million for the asset four years ago after WeWork had moved in."

more...
No comment yet.